The business outlook of around 6 lakh medium, small and micro enterprises (MSMEs) in Karnataka looks bleak as interruptions in power supply by way of scheduled/unscheduled power cuts and load-shedding are only likely to continue as the state started at a drought situation with monsoon clearing failing this year.
According to trade body captains, one of the major concerns is MSMEs’ inability to deliver their commitments to their domestic as well as international customers in time and this is likely to lead to conflicts and long-term business losses. Constant supply of power is critical for manufacturing and power cuts are likely to adversely impact the state economy in general, as per them.
